Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
South China aluminium premiums hit year-to-date high on rising southwest conversion rates, scarce ingot supply
In recent weeks, the domestic spot aluminium ingot market has exhibited notable regional divergence. While basis levels in East China and the Central Plains have remained relatively stable, the South China market has seen its aluminium ingot basis strengthen independently to a year-to-date high....
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SMM A00 aluminium ingot price subsides by 2.76% W-o-W; China’s alumina spot price drops RMB5/t
The Shanghai Metals Market, on October 16, witnessed minor hikes in aluminium prices, with the SMM A00 aluminium ingot price showing no change, remaining stoic at RMB 19,050 per tonne. The average prices have ranged between RMB 19,030 per tonne and RMB 19,070 per tonne. If we consider the price on...
Downstream weekly recap: Vietnam to carry out anti-dumping investigation on Chinese aluminium; Novelis rules out Russian aluminium
The downstream aluminium market saw an eventful week from October 9 to 13, with Vietnam initiating its first anti-dumping sunset review on Chinese aluminium profiles, Novelis Europe ruling out Russian aluminium from the metal supply tender, Airbus renewing its supplying contract with AMAG, and so...
Feng Erda Group gets listed as aluminium B2B seller under AL Biz
Established in 1998, China-based Feng Erda Group has undergone two decades of growth and has evolved into a diversified, large-scale, and standardised group company. The company has been successfully successfully added to AL Biz's database of over 1600+ confirmed clients. AL CircleBiz is a...
First phase of Xinran aluminium profile project comes into operation in Lingbi County, China
According to a recent report, a Chinese city, Lingbi County in Suzhou, Anhui, has witnessed the commencement of the first phase of Xinran aluminium profile project, which is believed to boost the development of the city with new job opportunities and power industry by creating a need for energy....
EU and US join forces to probe Chinese steel and aluminium, tariffs possible
The European Union is gearing up to investigate excess capacity in China's steel industry, potentially leading to a 25 per cent tariff being imposed on imports from the second-largest global economy. Furthermore, aluminium is under scrutiny within the EU, with officials considering a 10 per cent...
China’s A00 aluminium ingot price plunges by RMB200/t; Alumina price gains RMB6/t
On Friday, October 13, China's A00 aluminium ingot price nosedived by RMB200 per tonne to close at RMB 19,050 per tonne, with the average prices standing between RMB 19,030 per tonne and RMB 19,070 per tonne. The spot contract price may be traded at a discount price of RMB 10 per tonne and a...
LME benchmark aluminium price spikes US$27.50/t M-o-M; SHFE aluminium price on bearish trend since October 11
LME aluminium opened at US$2,215 per tonne on Thursday, with its high and low at US$2,228.5 per tonne and US$2,195 per tonne, respectively, before closing at US$2,201per tonne, a decrease of US$12.5 per tonne or 0.56 per cent. The LME aluminium live price chart on October 12 witnessed mixed price...
China’s Sept’23 aluminium production stumbles by 2.8% M-o-M but daily output grows 554 tonnes
China’s domestic aluminium production in September 2023 was recorded at 3.523 million tonnes, marking a year-on-year increase of 5 per cent but a month-on-month fall of 2.76 per cent. However, the daily average production grew over a month by 554 tonnes to 117,400 tonnes in September 2023. From...
China’s Sept'23 alumina output affected by 4% due to bauxite shortage and maintenance work
According to the Shanghai Metals Market survey, China’s metallurgical-grade alumina production in September 2023 (30 days) recorded a decline of 4.06 per cent month-on-month to 6.732 million tonnes. Daily output also registered a fall from the previous month to stand at 224,400 tonnes, unlike the...
SMM A00 aluminium price discards RMB120/t today, up 5.59% Q-o-Q; High purity aluminium price sheds RMB100/t
On October 12, the Shanghai Metals Market experienced dampening aluminium prices all over China, with the SMM A00 aluminium ingot price plunging by RMB 120 per tonne to officially close at RMB 19,250 per tonne. The average prices have ranged between RMB 19,230 per tonne and RMB 19,270 per tonne. If...
Chinalco’s Liancheng branch receives sustainable energy certification from China Classification Society
The Liancheng Branch of Chinalco has achieved a significant milestone by passing the certification of the China Classification Society for its energy management system. This success is attributed to the branch's proactive implementation of green and low-carbon development practices during the...
Guangdong Weiye Aluminium bags 76th position in the Top 100 Enterprises in Foshan
The Foshan General Chamber of Commerce and Foshan Enterprise Federation recently unveiled the "2023 Top 100 Foshan Enterprises, Top 100 Manufacturing Enterprises, and Top 100 Private Enterprises" list on September 27th. In 2023, Guangdong Weiye Aluminium Factory Group Co., Ltd. achieved notable...
Jiayuguan upgrades its electrolytic aluminium and product processing capacity
Jiayuguan City has vigorously implemented key industry upgrading actions, increased effective investment in leading industries, comprehensively improved the ability of innovation drive, intelligent transformation, structural optimisation, and chain extension, and made every effort to build a...
China’s A00 aluminium ingot price falls by RMB80/t W-o-W to RMB 19,370/t; Alumina price gains RMB3/t
On Wednesday, October 11, China's A00 aluminium ingot price witnessed a fall of RMB 140 per tonne to RMB 19,370 per tonne, with the average prices ranging between RMB 19,350 per tonne and RMB 19,390 per tonne. The spot contract prices may be traded at a premium price of RMB 30 to RMB 70 per tonne....
China’s aluminium ingot inventories mount to 631,000 tonnes over the Mid-Autumn Festival holiday
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot recorded a significant rise across the eight major consumption areas, including SHFE warrants, as the market resumed on October 7 from a week-long Mid-Autumn Festival holiday. On October 7, the inventories...
RHB marks Press Metal, Malayan Cement as standouts in the building materials sector
RHB Research has reaffirmed its "overweight" recommendation for the building materials sector, with Press Metal Aluminium Holdings Bhd and Malayan Cement Bhd being their top selections. The research firm's optimism regarding aluminium is driven by several factors, including the current minimal...
China's SPIC and Henan Shenhuo collaborate on alumina production
Headquartered in China, the State Power Investment Corp Ltd (SPIC) had signed a strategic cooperation agreement with Henan Shenhuo Group on September 28. The alliance was signed under the presence of Feng Jianqing, Party secretary and chairman of the State Power Investment Aluminium Power Company,...
DGTR initiates probe to review the anti-dumping duty on imported aluminium wheels from China
The Directorate General of Trade Remedies (DGTR), which operates under the purview of the commerce ministry, has commenced an inquiry to reassess the necessity of maintaining the anti-dumping tariff on imported aluminium alloy wheels from China. Grievances expressed by the domestic industry have...
